Revenue details Avery Dennison recorded revenue of $1.55 billion. The five analysts polled by S&P Capital IQ predicted revenue of $1.54 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

EPS details EPS came in at $0.71. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.70 per share. Non-GAAP EPS of $0.71 for Q2 were 27% higher than the prior-year quarter's $0.56 per share. (The prior-year quarter included $0.12 per share in earnings from discontinued operations.) GAAP EPS of $0.68 for Q2 were 11% higher than the prior-year quarter's $0.61 per share. (The prior-year quarter included $0.12 per share in earnings from discontinued operations.)

Looking ahead Next quarter's average estimate for revenue is $1.50 billion. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $6.08 billion. The average EPS estimate is $2.58.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avery Dennison is hold, with an average price target of $42.43.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.